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Gold futures end lower on economic recovery hopes

15 Dec 2020 Evaluate
Gold futures ended near two week lower level on Monday, on account of peaked risk appetite in the market amid hopes of a global economic recovery, whetted by an extension of Brexit trade talks, and a COVID-19 vaccination rollout which is ought to begin in the United States as early as Monday.   

Gold futures for February delivery dipped by 0.6% or $11.50 to settle at $1832.10 an ounce on the Comex division of the New York Mercantile. Spot gold rose fell 0.7% to $1,825.50 per ounce.

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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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